Agilent Technologies is the actual descendant of the instrument company founded by Bill Hewlett and Dave Packard in 1939. After 60 years of existence as part of Hewlett-Packard it was spun off from HP in 1999. In that year, Agilent was an $8 billion company with about 30,000 employees, manufacturing scientific instruments, semiconductors, optical networking devices, and test equipment for telecom and wireless R&D and production.

Agilent's major product lines include:

• Test & Measurement products such as oscilloscopes, logic analyzers
• Life Science and Chemical Analysis products such as DNA microarrays and gas chromatographs
• Semiconductor components including light emitting diodes, radio frequency (RF) and mixed-signal integrated circuits
• Communications Test equipment such as LAN/WAN network analyzers
• Automated Test Systems for production semiconductor and printed circuit board test

Agilent Technologies has a robust research and development program as part of Agilent Laboratories, with active research in MEMS, nanotechnology, and Life Sciences.

Agilent Technologies has an active investment group, Agilent Ventures, which invests in High Tech start up companies. Investments include MEMX, Infinera, and Telasics.

In 2001, Agilent Technologies sold the Healthcare/Medical Products organization to Philips Medical Systems. HP Medical Products had been the 2nd oldest part of Hewlett-Packard, acquired in the 1950s. Only the original founding Test & Measurement organization was older.

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